Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Automotive supplier Luk Savaria is to recruit 300 new employees at its site in Szombathely until the end of 2014. 58 of the positions have already been filled in January.
The job expansion is part of a plan that is aimed at technological development, the restart of a manufacturing unit, and the installation of new production lines at the site. In 2012, the company had announced to create 200 jobs within the same initiative.
LuK Savaria, a member of the German Schaeffler group, manufactures clutches and flywheels in Hungary since 1997.
Eurofound (2014), Luk Savaria, Business expansion in Hungary, factsheet number 76531, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76531.
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